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211 Baldwin Avenue

Marcus & Millichap Sells 45-Unit Multifamily Building In Jersey City For $17.7M
SOLDMultiFamily

Marcus & Millichap Sells 45-Unit Multifamily Building In Jersey City For $17.7M

211 Baldwin Avenue

$17,700,000

Building Size

Asset Type

MultiFamily

Closing

Sep 15, 2023

AI

The 45-unit apartment building, 6ixBoroJC, located at 211 Baldwin Street in Jersey City, New Jersey, has been sold for $17.7 million. This multifamily property offers a variety of unit types and amenities, making it an appealing choice for residents. Additionally, its proximity to the Journal Square PATH Station provides convenient access to Manhattan.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $17,700,000
  • Address: 211 Baldwin Street, Jersey City, New Jersey
  • Market: Jersey City
  • Broker: Jonathan Zamora - Marcus & Millichap
  • Units: 45
  • Price per Unit: $393,333

The sale of 6ixBoroJC was facilitated by Jonathan Zamora, a broker from Marcus & Millichap. He played a crucial role in connecting the buyer and the seller, ensuring a smooth transaction. With his expertise in the Jersey City market, Zamora was instrumental in finalizing the deal.

Players

Jonathan Zamora

Marcus & Millichap

Broker

$76.4M

vol

24 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.90%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93